Source: Scott Tod
Scott Tod plc ("the Company") announces that it has renewed contracts with its largest customer, Mitchells & Butlers for a period of 3 years.
This follows an earlier renewal of its contract with its second largest customer Wolverhampton & Dudley for the same period.
The renewals in aggregate reflect approximately 24% of the Company's ATM estate.
The actions previously reported in respect of improving the performance of the ATM estate appear to be having a materially beneficial effect and recent trading has been much improved.
In respect of the announcement made on 13 March 2006, in which the Company announced that it had received a tentative approach, discussions continue with various parties and a further announcement will be made in due course.